China Development Bank Funds Wind Projects at Guangdong Nuclear

Nov. 22 (Bloomberg) -- China Development Bank Corp. agreed
to provide 30 billion yuan ($4.8 billion) of funding to China
Guangdong Nuclear Power Holding Co. over the next three years to
develop wind power projects at home and abroad.

Loans, bonds and leasing may be used to finance the
construction and operation of the wind farms, the state-owned
bank said in a statement on its website yesterday. The terms
weren’t disclosed.

Guangdong Nuclear unit CGN Wind Energy Ltd. has more than
4.3 gigawatts of projects completed or under construction across
20 Chinese provinces including Inner Mongolia, Jilin, Gansu and
Guangdong, according to the statement.